Century Association
- Assets
- $34.7m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 103
- Location
- New York, NY
- Founding
- 07/1978
- Data as of
- 09/2023
- EIN
- 13-0562370
Organization Overview
Century Association is located in New York, NY. The organization was established in 1978. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Century Association employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Century Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2023, Century Association generated $13.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $10.5m during the year ending 09/2023. While expenses have increased by 1.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE/MAINTAIN A RESTAURANT, BAR, & HOUSE FOR THE USE & ENJOYMENT OF ITS MEMBERS & GUESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Washington President | OfficerTrustee | 5 | $0 |
Eric Schorr 1st Vice President | OfficerTrustee | 5 | $0 |
Judith H Dobrzynski 2nd Vice President | OfficerTrustee | 5 | $0 |
Robert V Edgar Secretary | OfficerTrustee | 5 | $0 |
Thomas E Molner Treasurer | OfficerTrustee | 5 | $0 |
Tim Duggan Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,123,949 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,123,949 |
| Total Program Service Revenue | $6,902,335 |
| Investment income | $382,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$63,432 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,036,202 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,567,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $441,141 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,915,786 |
| Pension plan accruals and contributions | $200,881 |
| Other employee benefits | $1,408,351 |
| Payroll taxes | $458,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,484 |
| Fees for services: Accounting | $110,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,074 |
| Fees for services: Other | $185,830 |
| Advertising and promotion | $0 |
| Office expenses | $304,398 |
| Information technology | $13,698 |
| Royalties | $0 |
| Occupancy | $769,219 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $683,323 |
| Insurance | $178,225 |
| All other expenses | $119,425 |
| Total functional expenses | $10,464,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,189,131 |
| Savings and temporary cash investments | $353,375 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,415,900 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $223,776 |
| Prepaid expenses and deferred charges | $388,867 |
| Net Land, buildings, and equipment | $12,394,909 |
| Investments—publicly traded securities | $16,730,128 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,696,086 |
| Accounts payable and accrued expenses | $944,568 |
| Grants payable | $0 |
| Deferred revenue | $549,084 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $630,440 |
| Total liabilities | $2,124,092 |
| Net assets without donor restrictions | $28,124,116 |
| Net assets with donor restrictions | $4,447,878 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $34,696,086 |
Grants Awarded
Over the last fiscal year, Century Association has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTURY ASSOCIATION ARCHIVES FOUNDATION PURPOSE: GENERAL PURPOSE | $75,000 |
SEVEN WEST FORTY THIRD STREET FOUNDATION PURPOSE: GENERAL PURPOSE | $0 |